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- Vertice
Vertice Valuation, Funding & Investors
Vertice is valued at $500M as of January 2025.
Last Vertice valuation
$500M
Series C · Jan 2025
Last Vertice funding round
$50M
Series C · Jan 2025
Cumulative funding Vertice raised
$101M
across 3 funding rounds
Key investors in Vertice
Bessemer Venture Partners
83North
Lakestar
Perpetual Growth
Bastian Nominacher
Yuval Tal
About Vertice
Vertice is a Helsinki-headquartered SaaS platform optimizing software and cloud purchasing for enterprises. The company analyzes spend data from AWS, Azure, and SaaS vendors like Salesforce and Microsoft to identify savings opportunities through benchmark pricing and contract negotiations. It automates vendor discovery, license management, and renewal tracking across IT, HR, and security tools. Vertice serves mid-market firms in Europe and North America reducing annual procurement costs via AI-driven insights.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$500M (Jan 2025)
Vertice Valuation
Vertice is currently valued at $500M, based on its Series C in January 2025.
The $50M round was led by Lakestar, with participation from CF Private Equity, Bessemer Venture Partners, Perpetual Growth and 83North.
Vertice valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2025 | Series C | $500M |
Vertice Funding History
Vertice has raised a total of $101M across 3 funding rounds.
Vertice's first fundraising round was a $26M Series A in May 2022. The most recent completed round was a $50M Series C in January 2025.
Vertice funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2025 | Series C | Lakestar (lead); CF Private Equity; Bessemer Venture Partners; Perpetual Growth; 83North | $50M | $500M | Vertice is a London-based spend optimization platform founded in 2021 that uses AI to simplify procurement workflows, provide insights into SaaS and cloud spend optimization, usage, and risk management, and deliver cost savings of up to 30% for enterprise customers. It manages $3.4 billion in spend worldwide across hundreds of clients in over 30 countries, including ASML, Euronext, Grant Thornton, and Santander, with benchmarking data on more than 16,000 software vendors. The platform halves purchasing cycles and curbs unauthorized spending, operating in a market where global IT spend is projected to approach $5 trillion in 2025. On January 22, 2025, Vertice raised an oversubscribed $50 million (or €47.9 million) Series C funding round led by Lakestar, with participation from Perpetual Growth, CF Private Equity, and existing investors Bessemer Venture Partners and 83North. This up-round valued the company at $500 million, higher than the several hundred millions from 12 months prior when it raised a $25 million Series B. The company has grown its revenue 13x over the past 2-3 years while maintaining capital efficiency and expanding its customer base across the US, EMEA, and APAC. The new capital will fund expansion including new regional offices, tripling the engineering team, and advancing AI capabilities like automated integrations, document extraction, procurement templates, and workflow analytics. Vertice positions itself against competitors like Spendbase, Spendesk, Gartner, and G2 by integrating a 'large software procurement model' directly into workflows for faster, transparent purchasing at optimal prices. This brings total funding to over $100 million since 2022. |
| Jan 2024 | Series B | 83North (lead); Bessemer Venture Partners (lead) | $25M | - | Vertice is a London-based SaaS and cloud spend management platform that helps businesses reduce annual software and cloud spend by 20-30% while streamlining procurement processes. The company secured $25 million (£19.70 million) in Series B funding on January 17, 2024, co-led by 83North and Bessemer Venture Partners, who also led its prior Series A round. This investment followed Vertice achieving 7x growth in ARR during 2023, with the funds increasing total cash reserves to $40 million and supporting plans to hire over 150 new positions across the US, EMEA, and APAC, accelerate product innovation, and expand globally. Founded by serial entrepreneurs Roy and Eldar Tuvey, formerly of Wandera and ScanSafe, Vertice emphasizes capital efficiency and has demonstrated strong product-market fit, enabling customers to achieve significant cost savings. Investors highlighted the company's tenacious team, fast execution, and positioning in a large market with tailwinds from rising spend pressures on CFOs. The platform integrates procurement workflows, AI-supported insights, negotiation experience across billions in spend, and benchmarking data from 16,000+ software vendors. This Series B builds on Vertice's prior $26 million Series A, bringing total funding to around $51 million by early 2024. Customers include enterprise leaders like ASML, Euronext, Grant Thornton, and Santander, with growing presence in multiple regions. Subsequent developments include a $50 million Series C in 2025 led by Lakestar with participation from Bessemer, 83North, Perpetual Growth, and CF Private Equity, pushing total raised over $100 million and highlighting management of $3.4 billion in customer spend. |
| May 2022 | Series A | 83North (lead); Bessemer Venture Partners (lead); Ronni Zehavi; Bastian Nominacher; Juan Lobato; Omri Dahan; Tom Ryan; Yuval Tal | $26M | - | Vertice is an integrated SaaS and cloud spend management platform founded in January 2021 by serial entrepreneurs Roy and Eldar Tuvey, who previously founded ScanSafe (sold to Cisco for $200 million) and Wandera (sold to JAMF for $400 million). The company helps finance leaders and CFOs optimize their software and cloud expenditures, reporting typical cost reductions of 20–30% per customer with customers achieving 7x ROI. In May 2022, Vertice raised a $26 million Series A round led by 83North and Bessemer Venture Partners, with participation from additional investors including angel investors Yuval Tal, Bastian Nominacher, and Omri Dahan. The funding was designed to accelerate operational and revenue growth. By early 2024, the company had demonstrated exceptional traction, achieving 7x ARR growth in 2023 and raising a subsequent Series B of $25 million in January 2024, bringing total funding to $51 million since January 2022 with a valuation in the hundreds of millions. The company operates across multiple regions with offices in London and New York, managing over $1.1 billion in contract value globally by 2023. |
Who has invested in Vertice?
11 investors have backed Vertice across its funding rounds, including Bessemer Venture Partners, 83North, Lakestar, Perpetual Growth, Bastian Nominacher and Yuval Tal.
Lead investors include Lakestar, 83North and Bessemer Venture Partners.
Vertice Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2022 | ||
| 3 | Lead | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Lead | Jan 2025 | ||
This data is available for Pro users. Sign up to see all 11 Vertice investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Vertice
Vertice has acquired 1 company to date.
Last acquisition by Vertice was on May 31st 2026. Vertice acquired Vendr for undisclosed valuation.
Latest Acquisitions by Vertice
| Description | Vendr is a Boston-based SaaS buying platform founded in 2019 that assists finance and procurement teams in software purchases, negotiations, and renewals. It maintains the largest dataset in the category, covering thousands of vendors like Slack and Zoom. Vendr acquired Blissfully in 2022 to bolster management features and has processed over $3 billion in SaaS transactions. |
| HQ Country | |
| HQ City | Boston, MA |
| Deal Date | 31 May 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Vertice acquisitions and their M&A valuation multiples. Start Free Trial | |
Vertice Competitors
Vertice competitors include listed companies like Beijing Hanyi Innovation and KSEC Intelligent Technooogy, and private ones like /dev/agents, Alice, Auradine and CoLab Software.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $28M | $5M | $493M | 13.9x | ||
| Publicly listed | $298M | ($9M) | $480M | - |
Vertice Public Comps
Vertice is still privately-owned, but its public comps include Huitongda Network, Beijing Hanyi Innovation, KSEC Intelligent Technooogy, Intelligo Technology, Yidu Tech, ExaWizards, Winner Technology, Baida Group Co, Ropeok Technology Group and Hanwang Technology Co.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.8B | $112M | 0.0x | 0.0x | 0.3x | 0.3x | |||
| $28M | $5M | 15.6x | 13.9x | 89.9x | 50.9x | |||
| $298M | ($9M) | 1.4x | - | (44.3x) | - | |||
| $50M | $20M | 8.4x | 8.4x | 20.8x | - | |||
| $122M | ($4M) | 1.4x | 1.2x | (45.0x) | 7.7x | |||
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
| $46M | ($7M) | 9.0x | - | (60.9x) | - | |||
| $31M | $9M | 13.6x | - | 45.2x | - | |||
This data is available for Pro users. Sign up to see all Vertice competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Vertice
| When was Vertice founded? | Vertice was founded in 2021. |
| Where is Vertice headquartered? | Vertice is headquartered in London, United Kingdom. |
| Is Vertice publicly listed? | No, Vertice is a private, VC-backed company. |
| What is Vertice's valuation? | Vertice was last valued at $500M in its Series C in January 2025. |
| How much funding has Vertice raised? | Vertice has raised $101M across 3 funding rounds. |
| What was Vertice's last funding round? | Vertice's last funding round was a $50M Series C in January 2025, led by Lakestar. |
| Who are Vertice's investors? | Vertice's investors include Bessemer Venture Partners, 83North, Ronni Zehavi, Bastian Nominacher, CF Private Equity, Juan Lobato, Omri Dahan, Tom Ryan, Lakestar, Perpetual Growth and 1 other. |
| Which companies are comparable to Vertice? | Companies comparable to Vertice include /dev/agents, Alice, Auradine, CoLab Software, Beijing Hanyi Innovation and KSEC Intelligent Technooogy. |
| How many companies has Vertice acquired? | Vertice has acquired 1 company, including Vendr. |
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